There are 30,000 to 40,000 new apartment units available each year. What will drive the real estate market in 2022 and beyond? VIETNAM QUARTERLY MARKET REPORT Q2.2022 "Given the solid economic performance in the first half, Viet Nam's real estate projects have delivered well. Basically, the COVID 19 pandemic is well - controlled in Vietnam. As borders start to open, real estate buyers can resume traveling and visit Vietnam, which is crucial. The real estate market in the third half of 2022 may be unlikely to have a land fever when state agencies is controlling well on transparency of project . Real Estate in Vietnam . Besides, we cannot own more than 10% of the properties in a landed project, Foreigners can buy houses, but only 250 of the houses in a given ward (division), The leasehold period is still 50 years but can be renewed. The country also faces a deficit of housing units, creating a bigger demand for low-end as well as high-end residential units. Real Estate Market Summary, Competitive Analysis and Forecast, 2017-2026 (Global Almanac) July 2022. Not to mention people looking to retire in Vietnam. Many government offices and foreign embassies are located here, but youll also find many manufacturing companies that set up operations in Hanoi and surrounding cities. We are always looking to hire talented individuals with equal and extraordinary proportions of industry The Vietnam Residential Real Estate Market is growing at a CAGR of >15% over the next 5 years. Since 2016, the Vietnamese real estate market has continued to develop steadily. All the major cities have seen steady price increases in the past years. A mix of first-party and third-party cookies are used. Real Estate Inventory Is Quite Large By 20/9/2017, the total value of real estate inventory is about $ 1.1 billion - Minister of Construction Pham Hong Ha said in the report implementation of the resolution of the National Assembly on supervision and questioning. Beach Resorts Villa For Sale In Quang Tri, Beach Resorts Villa For Sale In Quang Binh, Beach Resorts Villa For Sale In Ninh Thuan, Beach Resorts Villa For Sale In Nha Trang, Beach Resorts Villa For Sale In Khanh Hoa, Beach Resorts Villa For Sale In Binh Thuan, Novaland Continues To Affirm The Journey Of Building A Vietnamese Brand Internationally, Quang Ninh resort, entertainment area is nearly 16ha, Vingroup launches Vinhomes Skylake Pham Hung project, Vingroup will dominate the villa market in the first quarter 2017, Prime Minister approves Quang Ninh to adjust the overall planning of the 28,000ha Ha Long Bay, Home price in HCM is in the tops for 5 years. Careers. The key initiatives of the Vietnamese government include the law on housing 2014 and other official directives to provide support and incentive for the development and management of social housing, including openness for investment by foreign individuals and organizations in social housing development. Looking at apartment prices, prices have increased rapidly and grew by an astonishing 90% from 2017 to 2020, including by 12.8% in 2020 alone. The term "ownership," though, does not imply that a foreigner can own a property outright, unless they are a Vietnamese returning from overseas (Vit Kiu). The Vietnamese Residential Real Estate Market is Segmented by Type (Villas and Landed Houses, Condominiums, and Apartments) and City (Ho Chi Minh City, Hanoi, Danang, Quang Ninh, and the Rest of Vietnam). Residence and passports. Suffering from a housing bust in 2009, the market recovered in 2013 and has seen constant and fast growth since. The Vietnamese residential real estate market is fragmented due to the presence of many local and global players in the market. Cat Tien, Phu Cat, Binh Dinh, Vietnam 4,880,000,000 (38,100,000 /SqM) 1 Bedroom Villa for sale at Fusion - Maia Resort Fusion - Maia Resortis a house and villa project located in Cat Tien, Binh Dinh. But what do you need to know about how to buy real estate in Vietnam? Here, locals, as well as foreigners, invest in real estate. According to the General Statistics Office of Vietnam, the annual flow of migrants from rural to urban was around 27.5% in 2019, which is expected to encourage the industrial growth and development of the construction and real estate sector across Vietnam. To understand key trends, Download Sample The Vietnam Residential Real Estate Market market is studied from 2018 - 2027. In the coming years, District 2 and District 9 will become increasingly interesting as the city mainly expands to the east. Vietnam has introduced major policy changes and new laws in 2015, resulting in plenty of benefits for overseas buyers. In the second quarter of 2021, the Ministry of Construction reported that Ho Chi Minh City currently had two affordable apartment projects, the East Gate project and the Tecco Town project. See Overview. Log in or register. Real estate industry contributed about 4.42% to GDP in 2020 (Vietnam Ministry of Construction). Services related to property management, investment consultancy, sales and leasing are available in their company. Ho Chi Minh City is the best performer as it serves as the commercial hub, but coastal cities like Da Nang and Nha Trang quickly turn into popular destinations. Thanks to lower labor costs and a trade war between the US and China, multinationals around the globe want to diversify. For leading real estate companies with strong financial situation, M&A considers as one of feasible solutions to develop land fund and take over investment projects (such as Novaland, Nam Long Group). Discover Shantira Beach Resort in Danang. Description. Real Estate VietnamYour Happiness Is Our Mission, Real estate developer Novaland has just announced a new project in the luxury segment - The Grand Manhattan Apartment and Trading Complex (District. The report claims that Vietnam needs 20 million housing units to meet the demand. 2.7 / 5 ( 331 votes ), Vietnam Luxury Real Estate; Vietnam Properties; Apartments, Office-tels, Condo-tels; Villas; Beach Property; Real Estate Investment; Tourism & Hospitality Properties For Sale & For Rent. 4 properties found in Vietnam. Read hundreds of articles and expert interviews covering Asia property taxes, foreign ownership rules, projects & much more. Vietnams residential property market was affected badly throughout 2020 and 2021, due to the pandemic. Signing the deposit contract 6. . According to Vietnam Report, in 2021, 22.96 per cent of customers used real estate brokerage applications and they planned to continue to use this method. Vietnam has a high absorption rate of 70-80 percent of new supply and surging demand for residential real estate. . and complex real estate (office for lease.) As more international developers enter the market, well see an increased supply, along with increased demand. Copyright 2022 Fitch Solutions, Inc., Fitch Ratings, Inc., Fitch Solutions Group, Inc. and their subsidiaries. Real estate for sale in Japan, Malaysia, Thailand, Vietnam, Philippines, and Cambodia. Its crucial that businesses and private investors alike can visit the country prior to making investments. Besides the impact of urbanization, the speculative transactions also moved up land price. In the first half of 2020, transactions dropped by as much as 55% compared to the year before, equaling a number of 6,800 real estate products traded. The best service for your property needs. Nng 75,000,000 VILLA FOR RENT, NEAR HAN RIVER AND THUAN PHUOC BRIDGE House for sale, 3 bedrooms, 225m2 last month. The country is experiencing rapid demographic and social change, which is anticipated to support the effective demand for the residential real estate industry in the coming years. Best Regards, Thanh-Binh P, Redstone Vietnam, Important: Redstone is the Vietnam partner of Asiapropertyhq.com. With that said, Vietnam is still one of the most interesting countries to buy real estate in Asia in 2020. Why is there so much foreign investment emerging into real estate in Vietnam? Vietnam's real estate is forecasted to be gloomy from now to 2023. According to World Bank statistics, the urban population in Vietnam was 31.1% in 2011, and it reached 37.3% in 2020. $ 4750. Click here to get in touch with an experienced agent. Sellers will need to pay a sinking fund fee of 2% to cover serious repairs or catastrophic damage and 2% personal income tax on the transacted value of the home. On the so-called billion-dollar axis of trade culture-tourism in the center of Da Nang City, Phat Dat will develop the first Branded Residence project in the heart of Central. Email: If you don't receive an email within 24h, please check your spam folder. Nanakramguda Rd, Financial District, Gachibowli. 9 November 2021 . Hanoi (VNA) - Vietnam 's real estate industry has developed along with the recovery of the economy after the COVID-19 pandemic, and is forecast to see brighter and more positive colours compared to 2021 and gradually return to the pre-pandemic trajectory (in 2019), according to the Vietnam Report Joint Stock Company. The government has considered increasing the lease up to 99 years in special economic zones. Residential Real Estate Market in Vietnam - Growth, Trends, COVID-19 Impact, an Financial Services and Investment Intelligence, United Arab Emirates Residential Real Estate Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027), Residential Real Estate Market in Oman - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027), China Residential Real Estate Market - Growth, Trends, Covid-19 impact and Forecasts (2022-2027), Analysis of the Real Estate and Mortgage Market in Vietnam - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027), Residential Real Estate Market in the United States - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027), Canada Residential Real Estate Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027). Table of Contents. Residential real estate is broadly defined as real property (land and any buildings on it) used for residential purposes. Vietnam is currently one of the fastest growing e-commerce markets in Southeast Asia. Our Company uses these cookies so that we recognize you on our website and remember your previously selected preferences. Providing expert analysis, independent forecasts and competitive intelligence on the real estate industry.Report includes: Industry View, Industry SWOT Analysis, Industry Forecasts, Real Estate Risk Reward Index, Company Profiles and Global, Regional and Country Industry Overviews.Why you should buy this report, The Vietnam Real Estate Report features Fitch Solutions' key insights across retail, industrial, office, residential and non-residential real estate on a country, regional and global level. The government is also supporting affordable housing for the low-income group, which is anticipated to promote the residential real estate business in the nation. Provide useful analysis in Vietnam real estate market. Especially from Hong Kong, Mainland China, Korea, and Singapore. The impact of COVID-19 and other factors slowed down the activity of the real estate market in most provinces and cities across Vietnam. As 1.5 to 2 million Vietnamese people join the global middle-class every year according to The Boston Consulting Group. Your payment is successful. Please check with your bank for further details. At the same time, the GDP per capita has increased almost sixfold, from USD 390 in 2000 to around USD 2,264 in 2018. Number of new residential real estate offered and transactions in 2020 only reached 87.6% and 46.6% compared to 2019. Who we are. we will contact you within a day or two. our privacy policy, By submitting, you confirm that you agree to our privacy We are committed to bringing the best tailored-made housing products to our customers. An annual growth rate of 1.76% is expected (CAGR 2022-2024). All rights reserved. Buyers from Hong Kong, Mainland China, Singapore, and Korea in particular, see Vietnam as a lucrative market with high ROIs. As of April 2022, it held a market capitalisation of around VND125.7bn. Our company is also a cong ty dich vu sua chua nha tphcmin a Vietnamese website. We also provide information about projects, developers, real estate agencies and other relevant companies in Asia. Fill in the form to get connected with a real estate agent in Vietnam, Malaysia, Thailand or other countries. Invest. The Tecco Town project in Binh Tan District costs about VND 24 million (~USD 1,050) per square meter and the East Gate in Thu Duc City costs about VND27 million (~USD 1,180) per square meter. When the process was getting slowed, Vanessa always addressed my questions professionally and in a very timely manner. JavaScript seems to be disabled in your browser. According to the Ministry of Construction, about 250 affordable housing projects adding 5.4 million square meters for the low-income group in urban areas and workers at industrial parks have been completed, delivering around 104,000 apartments. Advertise. Single Subscription (260$ ~ 6,051,240 VN) Add To Cart . Ho Chi Minh City real estate market showed a sign of oversupply in high-end apartment in 2020. Needs Invest, Finance & Value; Plan, Lease & Occupy ; . Vietnam's real estate market in the second quarter of 2021 slowed down after hot growth in several segments in the . 1 1 128 SqM Villa Vietnam Research Archives. As foreigners can easily buy property with a renewable leasehold period of 50 years, theres been a sharp rise of overseas investors. This is the information Savills Vietnam made in the report of the real estate market in Hanoi, quarter IV / 2016, announced, Prime Minister Nguyen Xuan Phuc has just approved the task of adjusting the master plan of the city. As the government pursues business-friendly reforms and relaxes investment laws in order to generate greater foreign interest, we expect regional and global investors to pursue opportunities in the property market here. Nng 4,500,000,000 / Negotiable 3 Bedrooms House for sale in Chinh Gian, Da Nang - HOME SWEET HOME - THE . Concerns about the economy are top of mind for most global real estate leaders as they prepare for the remainder of 2022 and 2023. Besides, around 1.5 million Vietnamese people join the global middle class every year. 603/QD-UBND dated 20 February 2013 of the People's Committee of Quang Nam province (hereinafter referred to as General Plan 603) to concretize the master plan for the . . Benefit from the latest market opportunities, Understand the threats to your operations and investments and protect your company against future risks, Gain insight on emerging trends that could support, strengthen or disrupt your activities in the market, Get a full view of the competitive landscape to assess your market position. Single Subscription (260$ ~ 6,051,240 VN) Annual Subscription (963$ ~ 22,412,862 VN) Add To Cart . DUBLIN, December 09, 2021--The "Commercial Real Estate Market in Vietnam - Growth, Trends, COVID-19 Impact, and Forecasts (2021-2026)" report has been added to ResearchAndMarkets.com's offering. Report Vietnam Market Outlook 2022 March 31, 2022 Looking for a PDF of this content? Coastal cities are the primary destinations as Vietnam has a shoreline spanning almost 3,260 kilometers. This quick rise in a country with a 95 million population will inevitably increase the demand for real estate in the coming years. Hanoi - Vietnam's real estate industry has developed along with the recovery of the economy after the COVID-19 pandemic, and is forecast to see brighter and more positive colours compared to 2021 and gradually return to the pre-pandemic trajectory (in 2019), according to the Vietnam Report Joint Stock Company. The report offers market size and forecasts for the Vietnamese residential real estate market in Value (USD Billion) for all the above segments. Vietnam opened up to foreign property investors as late as 2015 and has experienced fast growth since. According to reports, the investment in real estate in Vietnam grew 12% in 2016 in comparison to the previous year of 2015. Bigger cities and coastal cities like Ho Chi Minh City, Da Nang, and Hanoi have benefited most of these changes and fast development and will continue to do so for years to come. Furthermore, the country is now widely seen as the luxury real estate market hotspot, with a growing economy coupled with laws that have made it easier for foreigners to purchase the property. As mentioned, Vietnams economy is one of the fastest-growing in the world, which has positively affected the real estate market. Dream Home Riverside From 1,800,000,000 Binh Hung, Binh Chanh, Ho Chi Minh City. According to the General Statistics Office of Vietnam, Vietnam's GDP per capita in 2019 of US$2720 (7.7 percent YoY increase), have allowed Vietnamese to afford a middle-class apartment at US$1000 - US$2000 per meter square (m 2 ). +81-3-5366-5095 Contact. AsiapropertyHQ.com is not licensed to deal with any property situated in Hong Kong. HANOI (Reuters) -A Vietnamese real estate tycoon was arrested on suspicion of financial fraud, the . We maintain a positive long-term outlook for commercial real estate assets in Vietnam, with strong fundamentals to underpin the growth potential in the coming years. $ 5250. Vietnam's real estate industry has developed along with the recovery of the economy after the COVID-19 pandemic, and is forecast to see brighter and more positive colours compared to 2021 and gradually return to the pre-pandemic trajectory (in 2019), according to the Vietnam Report Joint Stock Company. The national assembly and the Government of Vietnam propagated many policies and mechanisms to develop social housing to support disadvantaged and low-income people in both urban and rural areas. The disruption produced by the COVID-19 epidemic has expedited the digitalization revolution in several industries, including the real estate business. Worth mentioning is also that Ho Chi Minh City accounts for 20%-25% of the GDP output in Vietnam. This great increase in prime real estate prices in the central area is mainly due to the launch of new luxury projects and the scarcity of land. Savills Vietnam has just announced housing price indexes and office indexes in Hanoi and Ho Chi Minh City. Analyze and evaluate the updated overall market. In September 2021, following the completion of the M&A deal, Phat Dat completed the formalities to officially own the 3-frontage diamond landbank at the intersection of Bach Dang, Tran Phu, and Le Hong Phong streets. As first time sellers they made the process fast and simple, any questions we had they were happy to answer. July 20, 2021 41 Pages. Our Company uses cookies that are essential for you to browse the website and use its features, such as accessing secure areas of the site. Even though the authorities of Vietnam have taken major steps to improve the situation of real estate investment, still, this process is very complex and lengthy. Only 17% of Vietnams population lives in Hanoi and Ho Chi Minh, but people quickly urbanize from rural areas and smaller cities. 164 Khuat Duy Tien Street, Thanh Xuan District, Hanoi City, Vietnam, Address 2: 12/13 Phan Ke Binh Str., Da Kao Ward, Dist. As a result, the foreigners started to pull off and refunded their investments. Our Company uses these cookies to collect information about how you use a website, like which pages you visited and which links you clicked on. Vietnam residential real estate includes pure Vietnamese capital-based local companies, foreign investment funds which are foreign companies, and joint venture firms. As a professional leading real estate company, we have a diverse portfolio of commercial, residential, and mixed-use properties. According to Vietnam Report, both supply and demand factors have been on the rise, driven by low-interest rates. We help individual and professional investors to diversify their portfolio by providing attractive property investment solutions in the fast growing property market in Vietnam. Despite a weak residential property market, the industrial real estate market has thrived throughout both 2020-2021. It has developed a diversified portfolio across six business segments. Asia Pacific Research. In addition, the high level of real estate price poses certain challenges in management against "real estate bubble" situation. The residential real estate market has been tumbling throughout 2020-2021. Currently, despite the complicated epidemic situation, real estate transactions in Vietnam are still carried out. Vietnam becomes increasingly interesting for manufacturing companies as they seek to diversify production from China. Vietnam has outperformed most of its neighbors and the economic growth hovers at around 7%. $ 2995. Real Estate Vietnam strives for sustainable development. Demand for housing and investment forecasts to bounce back. In Q2 2019, the average price for apartments was USD 2,009 per square meter in Ho Chi Minh, an increase of 21.6% compared to 2018. Please be sure to check your spam folder too. The coastal city of Quy Nhon, surrounded by spectacular mountains, lush tropical woods, and gorgeous beaches, is a bust. 2.7 / 5 ( 331 votes, We cant recommend Joseph strongly enough. These cities have beautiful nature, beaches, and a more relaxed atmosphere. Learn more about VIETNAM and other countries in our free, daily Overseas Opportunity Letter. We are delighted with the sale price. Vietnam. The real estate market in the second half of 2022 may be unlikely to have a land fever when state agencies is controlling well on transparency of project information, in addition, the capital of the market is being taxed. Hung Thinh Real Estate Business Investment Corporation, 4.2 Residential Real Estate Buying Trends - Socioeconomic and Demographic Insights, 4.3 Government Initiatives, Regulatory Aspects for the Residential Real Estate Sector, 4.4 Insights on Size of Real Estate Lending and Loan to Value Trends, 4.5 Insights on Interest Rate Regime for General Economy and Real Estate Lending, 4.6 Insights on Rental Yields in the Residential Real Estate Segment, 4.7 Insights on capital market penetration and REIT presence in residential real estate, 4.8 Insights on affordable housing support provided by government and public-private partnerships, 4.9 Insights on real estate tech and startups active in real estate segment (broking, social media, facility management, property management), 6.1 Overview (Market Concentration and Major Players), 6.2.4 Hung Thinh Real Estate Business Investment Corporation, 6.2.6 Phu My Hung Development Corporation. In particular, we focus on the transfer of residential land use rights and other assets attached to the land. From US$620,000. Compare 31,359 condos & houses for sale using the latest real estate market data. 0106170315 issued by Hanoi DPI on May 6th, 2013, TOURISM INDUSTRY TO BE AMONG KEY ECONOMIC SECTORS, A quarter of losses for Vietnams steel companies, Vietnams real estate market - A bleak outlook, Vietnams telecommunication companies: Viettel recorded an overwhelming profit, Banking news: Top 25 leading financial brands in Vietnam, Vietnams monthly economic overview (October, 2022), Top 10 textile and garment exporters in Vietnam (9 months 2022), Top largest shoes companies in Vietnam (2022 update), Energy transition and its impact on Vietnams oil and gas industry, Vietnams snack market is the fastest-growing in Asia, Vietnams monthly economic overview (August, 2022), Vietnams monthly economic overview (July, 2022), Vietnams monthly economic overview (May, 2022), Vietnams monthly economic overview (April, 2022), Vietnams monthly economic overview (February, 2022), Vietnams monthly economic overview (January, 2022), Top 7 largest real estate companies in Vietnam (2022 update), Top 5 non-life insurance companies in Vietnam, Top 5 largest life insurance companies in Vietnam, Top 10 billion-dollar brands in Vietnam 2022, Top 5 software outsourcing companies in Vietnam 2022, Top largest telecommunications companies in Vietnam, Vietnam Country Report 2022: a post-pandemic brief insight into Vietnam, Vietnam Country Report 2021: restricting market access for FDI enterprises, Overview of Vietnams chemicals and chemical products industry, TOP 10 COMPANIES OF THE FRUIT AND VEGETABLE INDUSTRY, Overview of Vietnam's fruit & vegetable industry, Overview of Vietnam's Pharmaceutical Industry, Top 10 Real Estate Companies in Vietnam 2021 Video, VIETNAM REAL ESTATE INDUSTRIAL OVERVIEW 2021, Highlights of Vietnam's Electricity Market in 2020, Top 10 Electricity Companies in Vietnam 2020, Address 1: Flr 15, LICOGI 13 Building, No. Across six business segments hot '' again advertising networks and in affiliation with agents! 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Analysis and forecast, 2017-2026 ( global Almanac ) July 2022 of a stampede investors. Customers with the details none of this scenario is low free English interpretation translation. Due to escalating real estate market showed a decrease in supply of projects and products Whole year 2020 in plenty of benefits for overseas buyers is one the The main reasons why the Vietnam real estate industry contributed about 4.42 % to GDP in 2020 97.33. Stage ( 2011 - 2012 ), Vietnam is quite low that could make lag. /A > a bleak outlook operate and manage the vast variety of advertising and! Daily overseas Opportunity Letter of 52 % square meter 2015, it held a market capitalisation of VND125.7bn. Expanded to two more regional offices Noi real estate market perform in 2022, it is not to.